Warning on pensions: As investment returns fall, Britons may face a retirement income shortfall.
As annuity rates fall and investment returns fall, Britons may face a bleaker retirement landscape.
Consumers approaching retirement may be dismayed to learn that their prospects are deteriorating, as average annuity income fell in the third quarter of 2021.Consumers should review their pension provisions, according to Moneyfacts.co.uk, because they may face a retirement shortfall.An annuity is a type of insurance that allows people to exchange their pension savings for a steady, guaranteed income for the rest of their lives.In Q3 2021, the average annuity fell by 2.90 […]
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